Which of the following statements are true of local taxes? (Choose all that apply)

On April 1, Pujols, Inc., exchanges $590,000 fair-value consideration for 70 percent of the outstanding stock of Ramirez Corpora

Svet_ta [14]

Answer:

Closing NCI = $234,300 + $69,000 = $303,300

Explanation:

The Question is to identify the non-controlling interes in Ramirez Corporation

First we determine the Net income of Ramirez

Net Income = Revenues - Expenses

= $635,000 - $405,000 = $230,000

The next step is to dtermine the value of non -controling interest in teh net income of Ramirez.

Non-Controlling Interest in Net Income = NCI percentge x Net Income

= 30% x $230,000 = $69,000

Finally, based on these calculations , we can compute the Closing Balance of Non-Controlling Interest

The formula = Opening Non-Controlling Interest + Non-controlling Interest Share of Net income

Closing NCI = $234,300 + $69,000 = $303,300

3 0

3 years ago

What is the differents<br> between sole trading and partnership

ycow [4]

Sole trading is a business conducted by one person. A partnership is a business conducted by two or more people. Brainliest please :)

4 0

3 years ago

Read 2 more answers

A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f

Dimas [21]

Answer:

c and e

Explanation:

8 0

4 years ago

CureAll, a pharmaceutical company, develops a new drug to treat restless legs syndrome. An experiment to test the drug's efficac

adoni [48]

Answer:

double-blind experiment

Explanation:

A double-blind experiment is one in which both the experimenter and the subjects don't have knowledge of which treatment is given to which participant.

The aim of this method is to avoid bias especially from demand characteristics (experimenter expectation) and placebo effect (perception of benefit from an ineffective substance).

Double-blind experiment is used when CureAll develops a new drug to treat restless legs syndrome, and test the drug's efficacy is designed in such a way that neither the experimenter administering the drug or participants knows which drug is administered.

4 0

3 years ago

A bond with a 12 percent quarterly coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1,000 and ma

Mekhanik [1.2K]

Answer:

fair value is $761

Explanation:

Given data

bond value = $1000

rater r = 12 %

rate R = 16%

time = 20 year

to find out

a fair price

solution

we know compounding period in year is = 4

so time 20 x 4 = 80

fair Price = $\sum_{k=1}^{k=80}$ [(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t

here

Quarterly Coupon = 12 × 1000/400 = 30

so

fair Price = $\sum_{k=1}^{k=80}$ [(30) / (1 + 16/400)^k] + 1000 / (1+16/400)^80

solve it we get

fair value is $761

5 0

3 years ago